XML 62 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income/(Loss)
 9 Months Ended
Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income/(Loss)
Accumulated Other Comprehensive Income/(Loss)
 
Comprehensive income/(loss) and its components are presented in the Consolidated Statements of Comprehensive Income. Changes in Accumulated other comprehensive income/(loss), net of tax, included in the Consolidated Statements of Changes in Stockholder's Equity, consisted of the following:
(Millions of dollars)
Foreign
currency
translation
 
Derivative
financial
instruments
 
Total
 
 
 
 
 
 
Three Months Ended September 30, 2013
 
 
 
 
 
Balance at June 30, 2013
$
17

 
$
(4
)
 
$
13

Other comprehensive income/(loss) before reclassifications
117

 
(2
)
 
115

Amounts reclassified from accumulated other comprehensive income/(loss)
—

 
1

 
1

Other comprehensive income/(loss)
117

 
(1
)
 
116

Balance at September 30, 2013
$
134

 
$
(5
)
 
$
129

 
 
 
 
 
 
Three Months Ended September 30, 2014
 
 
 
 
 
Balance at June 30, 2014
$
159

 
$
(7
)
 
$
152

Other comprehensive income/(loss) before reclassifications
(316
)
 
(1
)
 
(317
)
Amounts reclassified from accumulated other comprehensive income/(loss)
—

 
1

 
1

Other comprehensive income/(loss)
(316
)
 
—

 
(316
)
Balance at September 30, 2014
$
(157
)
 
$
(7
)
 
$
(164
)
 
 
 
 
 
 
Nine Months Ended September 30, 2013
 
 
 
 
 
Balance at December 31, 2012
$
184

 
$
(8
)
 
$
176

Other comprehensive income/(loss) before reclassifications
(50
)
 
—

 
(50
)
Amounts reclassified from accumulated other comprehensive income/(loss)
—

 
3

 
3

Other comprehensive income/(loss)
(50
)
 
3

 
(47
)
Balance at September 30, 2013
$
134

 
$
(5
)
 
$
129

 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
 
 
 
 
Balance at December 31, 2013
$
122

 
$
(5
)
 
$
117

Other comprehensive income/(loss) before reclassifications
(279
)
 
(5
)
 
(284
)
Amounts reclassified from accumulated other comprehensive income/(loss)
—

 
3

 
3

Other comprehensive income/(loss)
(279
)
 
(2
)
 
(281
)
Balance at September 30, 2014
$
(157
)
 
$
(7
)
 
$
(164
)
 
 
 
 
 
 


The effect of the reclassifications out of Accumulated other comprehensive income/(loss) on the Consolidated Statements of Profit was as follows:
(Millions of dollars)
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
Classification of
income (expense)
 
2014
 
2013
 
2014
 
2013
Foreign exchange contracts
Other income (expense)
 
$
—

 
$
—

 
$
—

 
$
—

Interest rate contracts
Interest expense
 
(2
)
 
(1
)
 
(4
)
 
(4
)
Reclassifications before tax
 
 
(2
)
 
(1
)
 
(4
)
 
(4
)
Tax (provision) benefit
 
 
1

 
—

 
1

 
1

Total reclassifications from Accumulated
other comprehensive income/(loss)
 
 
$
(1
)
 
$
(1
)
 
$
(3
)
 
$
(3
)